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Sally Ho's Technical Analysis 19 June 2019

Bitcoin Bitcoin (BTC/USD) encountered some buying pressure early in today’s Asian session as the pair moved back to the 9140.00 area after steadily drifting lower from the 9475.00 area in yesterday’s trading activity. Profit-taking was generally orderly in yesterday’s European and North American sessions and this selling pressure pair took price activity as low as the 8919.72 area. During today’s early rebound, the pair traded just above the 9131.84 area, representing the 38.2% retracement of the move lower from 9475.00 to 8919.72. BTC/USD’s orderly decline saw the pair weaken to just below the 8930.17 area during yesterday’s North American session,...

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CryptoDaily Launches Sponsored Cryptocurrency Indices

It has been nearly 125 years since Charles H. Dow created the first financial index in 1896. Dow, a finance journalist, co-founded the Dow Jones & Company and founded The Wall Street Journal, a publication that has featured more than its fair share of indices over the past several decades.  There are indices that cover the declining number of traditional physical retail stores in the United States. There are indices that track Chilean wine prices. There’s of course the world-famous Big Mac Index that was created by The Economist in 1986 to quantify the theory of purchasing power parity (PPP)...

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Ethereum (ETH) All Set To Begin Another Uptrend Against Bitcoin (BTC)

Ethereum (ETH) is likely to begin another uptrend against Bitcoin (BTC) short term as the price has just hit the bottom of a descending channel that also forms part of a bull flag. This formation has a real shot at breaking a long term downtrend against Bitcoin (BTC) short term to kick-off a mini altcoin season. While we do not expect it to last for long, we do see the price to be in a position where it has become easier to push for such a breakout. Even if the price fails to break the downtrend resistance, the upcoming move...

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Bitcoin (BTC) Could Rally Well Past $9,600 But Fears Of A Crash Loom Over

Bitcoin (BTC) rallied hard the past few weeks and is now consolidating before it can continue to rally. Soon as BTC/USD rallied close to the $9,500 mark, we saw the price face strong rejection and it declined from there twice. This tells us that there are a lot of sellers waiting at the mark and the price will have to keep on revisiting this level to eventually break past it. The price might soon have trend line support to attempt another retest this time. Considering the overall sentiment, it would be unreasonable to expect the price not to rise well...

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How High Could Bitcoin Go?

Bitcoin (BTC) has been on a roll for the past few months but investors and traders are curious to find out if this rally can go on for long. There are some similarities to the previous market cycles as well that we discuss in this video. We have also analyzed factors that could influence the price of Bitcoin (BTC) and possible warning signs that tell us that this rally might be over. Let us begin with a market overview. If we look at the market, we can see that Bitcoin (BTC) is up, Ethereum (ETH) is up and other large...

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